Ropes & Gray Advises New Mountain Capital in its Partnership with Beeline
Ropes & Gray advised New Mountain Capital, a New York-based investment firm, in its investment in Beeline, a global leader in cloud software solutions that help Fortune 2000 companies manage their non-employee workforces. The transaction, announced on July 26, is expected to close in August 2018, following customary regulatory approvals.
Beeline, founded in 1999, is the world's largest independent provider of cloud-based vendor management solutions. Beeline's enterprise-grade, end-to-end sourcing, workflow, and decision-optimization platform allows employers to effectively manage their extended workforce.
The Ropes & Gray team was led by private equity partners David Blittner and Garrett Charon, finance partner Stefanie Birkmann, benefits partner Alexandra Alperovich, tax partner Adam Greenwood, labor & employment partner Megan Bisk and IP transactions counsel Michael Kurzer.